Canadian employees who rent or who have mortgage payments are managing economic pressures — like high interest rates and the rising cost of living — by putting off saving for retirement, according to a new survey by Co‑operators Financial Services Ltd. The survey, which polled 1,500 Canadian employees, found 77 per cent of renters said they […]
The OPSEU Pension Trust returned 5.3 per cent for 2023, according to its latest year-end report. It found, as of Dec. 31, 2023, the plan’s net assets stood at $25 billion, up from $24.64 billion in 2022. It also reported a funded status of 100 per cent, marking 15 consecutive years at a fully funded […]
More than half (58 per cent) of Canadian employees say they prefer to work in a hybrid arrangement (33 per cent) or fully remotely (25 per cent), according to a new survey by LinkedIn Corp. The survey, which polled more than 2,600 employees, found 39 per cent said they prefer to work mostly onsite, either […]
The Ontario Pension Board is working closely with employers to receive updated salary information from public sector workers that may have been impacted by the decision of Ontario’s government to repeal Bill 124. In a communication to members, the investment organization said the changes could include “additional pension contributions for any retroactive wage adjustments.” Read: Ontario […]
The British Columbia Investment Management Corp. is making several appointments on its executive and private equity investment teams. The investment organization is appointing Rechelle Effendy as acting senior vice-president, finance and chief financial officer, effective immediately. On its private equity team, the BCI is appointing Blake Fizzard as senior managing director of global operations, Julian […]
The Canada Pension Plan Investment Board is joining an investment group acquiring Italian telecommunications provider NetCo. The investment organization will acquire a 17.5 per cent stake of the company for up to $2.9 billion. The deal, which also includes Kohlberg Kravis Roberts and Co. (a subsidiary of the Abu Dhabi Investment Authority), Italian infrastructure fund F2i […]
In 2023, women took 69 per cent of all leaves of absence related to mental health in North America, according to a new report by ComPsych Corp. The report, which analyzed data from more than 5,700 employers in Canada and the U.S., found 33 per cent of mental-health leaves were taken by millennial women, followed by […]
Work-life balance continues to be the No. 1 factor driving Canadians’ workplace happiness, according to a new survey by ADP Canada Co. The survey, which polled more than 1,200 employees, found employees gave work-life balance and support the highest work happiness scores, ranking it 6.9 points on a scale of one to 10, followed by […]
The Canada Pension Plan Investment Board is cutting roughly a dozen employees at its Hong Kong office, according to a report by Bloomberg. It said staff had recently been informed of the dismissals and the CPPIB would transfer the portfolios of the impacted employees to other investment teams. Following these cuts, there will be roughly […]
More than a quarter (28 per cent) of Canadian employers say they’re expecting increased employee turnover this year, according to a new survey by Express Employment Professionals. The survey, which polled more than 500 employers, found respondents estimated it costs, on average, $30,674 annually to replace an employee. Fewer than a fifth (15 per cent) said […]